Webinar: Where Does the Money Go? Insights and Consumer Perspectives on Nursing Home Profits and Losses

May 23, 2019

On May 21, 2019, the Long Term Care Community Coalition (LTCCC)
hosted a webinar on nursing home profits and losses. Dara Valanejad, a Policy
Attorney with both the Center for Medicare Advocacy and LTCCC, participated in
the webinar. Mr. Valanejad presented findings from the Medicare Payment
Advisory Commission’s March 2019 report to Congress, discussed how poor quality
of care may be driving down nursing home occupancy rates, and identified a medical
loss ratio as one solution for ensuring that nursing home operators direct taxpayer
dollars to resident care rather than profit or administration. Richard Mollot,
Executive Director of LTCCC, gave an insightful overview of how nursing homes
are paid and consumer concerns, including those regarding ownership and hidden
profits.